Introduction To RIDE
The RIDE Company Was Established In 2019 With The Aim Of Legally Optimizing The Taxation Of Individuals Trading In Financial Marekt. It Specializes In The Creation And Management Of GmbH (Gesellschaft Mit Beschränkter Haftung Or Limited Liability Company) For Private Traders And Investment Companies. Its Related Services Include Securities Market Brokerage, Foreign Exchange And CFDs. Interactive Brokers LLC Is An Execution Broker For RIDE, While FXFlat Bank, Which Is Regulated By The German Federal Financial Supervisory Authority (BaFin), Provides Its Clients With Services. RIDE Clients Can Trade More Than 1,200,000 Financial Instruments On The Over The Counter Platform Offered By Stock Exchanges And Cooperative Brokerages Worldwide.
Advantages Of Trading With RIDE:
Reliable Trading And Banking Partners Licensed By International Regulators;
Unique Operating Concepts And Money Management Tools Not Available In Other Brokerages;
Derivatives Trading In An Advanced Trader Workstation (TWS) Platform;
Average Trading Fees For Forex And CFDs;
Wide Range Of Financial Instruments (over 150 Markets);
Free Account Opening, No Maintenance Fees And Minimal Trading Activity (from 1 Trade Per Month);
Negative Balance Protection For Retail Trader Accounts.
Disadvantages Of RIDE:
Only Superficial Training In Securities And CFD Trading, Lack Of Basic Forex Information;
Minimum Deposit Of €5,000 To Start Trading On The Trader Workstation (TWS) Platform;
Atypical Calculation Of Forex Trading Fees Using Special Formulas Instead Of Spreads.
Trading Account Opening
To Become A Client Of RIDE Inc., Please Follow The Following Procedure To Create An Account On Its Website:
1 Fill In Regedit And Provide Your Name, Phone Number And Email.
2 Answer The Question About Whether You Have A Registered GmbH Or UG Company.
3 Select The Desired Service.
After Uploading The Authentication File, An Account Will Be Created. This Will Allow You To Open A Trading Account. If You Are A Customer Of FXFlat Bank, You Can Open A Trading Account For Financial Instruments In The FXFlat Mobil Mobile App.
Account Type
RIDE Offers Different Types Of Accounts From Its Partner Brokers. Trading Conditions Depend On The Exchange And Pricing Of The Executing Broker. Over The Counter Takes Place On An Account In The Trader Workstation (TWS) Platform Provided By Interactive Brokers.
Account Type:
Trader Workstation Konto
Trader Workstation Konto Is An Account Designed Specifically For Trading CFDs And Forex As Well As Stock Exchange Securities. To Open It, You Need To Be A Customer Of The German Bank FXFlat Bank.
On The TWS Platform, You Can Open A Demo Account For Training Or To Learn Trading Basics. It Is Funded By Virtual Funds, So Traders Will Not Lose Their Money, But The Income Will Also Be Virtual.
In Forex And CFD Trading, RIDE Acts As An Intermediary Between The Trader And Interactive Brokers.
Deposits And Withdrawals
Customers Can Request The Withdrawal Of Profits To Their Personal Bank Account Via Standard Transfers Or Through SEPA Channels;
For The First Withdrawal Of The Month, There Is No Charge. From The Second Withdrawal, The SEPA Service Fee Is EUR 1 And The Bank Transfer Service Fee Is EUR 8;
Funds Withdrawals Will Be Processed Within 5 Business Days. The Exact Time Depends On The Bank's Policy Of Sending And Receiving Funds.
Investment, Options
RIDE Focuses On Creating Clients' Own Asset Management Companies, Emphasizing Tax Benefits. This Benefit Is Available To Individuals With A Portfolio Of €25,000. Owners Of GmbH Trade Securities In Their Usual Way, But Can Significantly Reduce Taxes.
If A Trader Opens A GmbH Company Through RIDE, The Free Funds In Their Account Will Generate Additional Income. For Balance Funds That Do Not Participate In Trading, The Annual Accrual Rate Is Up To 3.749%.
To Earn Passive Income, RIDE Clients Can Take Advantage Of The Offers From Partner Companies Such As FXFlat Bank And Interactive Brokers. For Example, FXFlat Bank Offers Free Portfolio Management, While Interactive Brokers Offers Algorithmic Portfolio Builders And Investments In Over 30,000 Mutual Funds. In Addition, Passive Income Can Come From Dividends Paid By International Companies To Their Stock Holders.
Forex Traders Can Only Use The Investment Solutions Described Above. The Company Does Not Offer Typical Passive Income Methods Over The Counter Market, Such As Investing In PAMM Or MAM Accounts Or Social Trading, Including Copy Trading.
Customer Support
RIDE Offers Support Both Online And By Phone. The Calendar On The Website Allows You To Schedule A Call Back During The Working Hours Of The Information Department, Monday To Friday From 10:00 To 19:30 (GMT + 1). Live Chat Support Is Available On Weekdays From 9:00 To 18:00.
